World Vision Rolls out Microlending Website

    World Vision has launched a microlending website to connect U.S. donors to poor entrepreneurs in Kenya, Mexico, Rwanda and the Philippines.

    Loan beneficiaries coursed through the sites are typically women who do not have the credit history or collateral needed to secure traditional loans.

    World Vision micro-loans are tax-deductible and mainly target entrepreneurs living in communities where the international organization is pursuing development initiatives.

    Under World Vision’s microlending system, donors choose pre-funded loans that they will underwrite with their donations. Donors are also given updates on the repayment status and impact of the loans they funded.

    About the author

    • Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.